foxsports
PRAGUE (AP) Slavia Prague says CEFC China Energy Company has acquired a majority 59.97 percent stake in the oldest Czech football club.
Slavia, in financial trouble in recent years, says the change is meant to ensure a quick financial stabilization of the club and its long-term development.
In a statement on Friday, the club says Fly Sport, a company owned by Czech businessman Jiri Simane, has a 39.97 stake.
Former Czech Transport Minister Ales Rebicek was the previous owner of Slavia.
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The move was announced after CEFC recently bought two palaces in Prague, and increased its stake in the Czech-Slovak J&T Finance Group.
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